Stora Enso (Sweden) Market Value
| STE-A Stock | SEK 111.50 0.40 0.36% |
| Symbol | Stora |
Stora Enso 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Stora Enso's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Stora Enso.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Stora Enso on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Stora Enso Oyj or generate 0.0% return on investment in Stora Enso over 390 days. Stora Enso is related to or competes with Svenska Cellulosa, Boliden AB, Husqvarna, and Trelleborg. Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries ... More
Stora Enso Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Stora Enso's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Stora Enso Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.47 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 2.31 |
Stora Enso Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stora Enso's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stora Enso's standard deviation. In reality, there are many statistical measures that can use Stora Enso historical prices to predict the future Stora Enso's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 1.4 |
Stora Enso Oyj Backtested Returns
Stora Enso Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0753, which indicates the firm had a -0.0753% return per unit of risk over the last 3 months. Stora Enso Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stora Enso's Risk Adjusted Performance of (0.05), coefficient of variation of (1,241), and Variance of 4.11 to confirm the risk estimate we provide. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Stora Enso are expected to decrease at a much lower rate. During the bear market, Stora Enso is likely to outperform the market. At this point, Stora Enso Oyj has a negative expected return of -0.15%. Please make sure to validate Stora Enso's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Stora Enso Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Stora Enso Oyj has good reverse predictability. Overlapping area represents the amount of predictability between Stora Enso time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Stora Enso Oyj price movement. The serial correlation of -0.51 indicates that about 51.0% of current Stora Enso price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 132.96 |
Stora Enso Oyj lagged returns against current returns
Autocorrelation, which is Stora Enso stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Stora Enso's stock expected returns. We can calculate the autocorrelation of Stora Enso returns to help us make a trade decision. For example, suppose you find that Stora Enso has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Stora Enso regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Stora Enso stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stora Enso stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stora Enso stock over time.
Current vs Lagged Prices |
| Timeline |
Stora Enso Lagged Returns
When evaluating Stora Enso's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stora Enso stock have on its future price. Stora Enso autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Stora Enso autocorrelation shows the relationship between Stora Enso stock current value and its past values and can show if there is a momentum factor associated with investing in Stora Enso Oyj.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Stora Stock Analysis
When running Stora Enso's price analysis, check to measure Stora Enso's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stora Enso is operating at the current time. Most of Stora Enso's value examination focuses on studying past and present price action to predict the probability of Stora Enso's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stora Enso's price. Additionally, you may evaluate how the addition of Stora Enso to your portfolios can decrease your overall portfolio volatility.